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With a total value of 200 billion pounds... the first auction of treasury bonds at the end of this month

2022-01-19T17:01:31.249Z

Damascus, SANA- The Ministry of Finance announced the date of the first auction of government securities for the year 2022 to subscribe to a bond



Damascus-SANA

The Ministry of Finance announced the date of the first auction of government securities for the year 2022 to subscribe to 5-year treasury bonds, with a total value of 200 billion pounds, on Monday, January 31.

According to a statement by the ministry, SANA received a copy of it. All private and public banks operating in Syria have the right to subscribe to these bonds, and all natural and legal individuals have the right to participate by opening an account with any of the operating banks after authorizing the bank to subscribe to these bonds.

The ministry indicated that this issuance comes within its plan to secure sources to meet the needs of financing investment spending for the state’s general budget on real, non-inflationary bases, with the aim of creating investment opportunities for the private and public banking sector to employ the available liquidity in low-risk investments that allow it to expand operations of accepting deposits, lending and financing projects. investment.

Subscribing to these bonds, according to the Ministry, is an important investment opportunity for the banking sector, insurance companies, unions, funds, companies and individuals to diversify their investment portfolio and benefit from the benefits that will be granted semi-annually at an interest rate determined based on the submitted offers and which will be announced after the end of the subscription work.

It is noteworthy that the Ministry of Finance’s experience in issuing government securities began in 2010, when seven issues of government securities were made, followed by two issues of treasury bonds in 2020, all of which were implemented based on Decree 60 of 2007 regulating the issuance of government securities in Syria.

Waseem Al-Adawi

Follow Sana's news on Telegram https://t.me/SyrianArabNewsAgency

Source: sena

All business articles on 2022-01-19

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